Bitcoin worth traded close to $61,700 on July 3, based on crypto.information worth information, after recovering from the sub-$60,000 space.
The transfer got here as U.S. spot Bitcoin ETFs returned to internet inflows for the primary time since June 16.
U.S.-listed spot Bitcoin ETFs recorded $221.7 million in internet inflows on July 2, based on SoSoValue information. Constancy’s FBTC led with about $166 million in inflows, whereas Ark Make investments and 21Shares’ ARKB added $91.8 million. VanEck’s HODL noticed $4.4 million in inflows.
The rebound ended a 10-day adverse streak that eliminated greater than $2.7 billion from the merchandise. June was additionally the weakest month for U.S. spot Bitcoin ETFs since their 2024 launch, with about $4.5 billion in whole internet outflows.
Bitcoin fell beneath $59,000 afterJune ETF outflows hit a report $4.5 billion. That promoting wave stored strain on $BTC and raised doubts over whether or not the $60,000 area may maintain.
Bitcoin faces $62,800 and $65,000 checks
The crypto has improved, however the chart has not confirmed a clear bullish reversal. $BTC is buying and selling barely beneath the Bollinger center band close to $62,296. The higher band sits close to $66,844, whereas the decrease band is round $57,748.
This implies the token has moved away from the decrease finish of the vary, however it has not regained full management. A day by day transfer above the center band would strengthen the short-term setup and present that patrons are taking again momentum.
Market analyst Ted stated Bitcoin is near the $62,000 degree and must reclaim $62,800 and $65,000 for a stronger rally this month. These ranges match earlier resistance zones watched by merchants after the June selloff.
$BTC is sort of on the $62,000 degree.
The two key ranges for Bitcoin are $62,800 and $65,000, which must be reclaimed for an honest rally this month. pic.twitter.com/TbkiuAss7l
— Ted (@TedPillows) July 3, 2026
Beforehand, $BTC wanted to reclaim the$62,800 to $65,000 vary to indicate that patrons had been gaining short-term management. That space stays the important thing technical barrier.
Momentum improves, however not absolutely
The Superior Oscillator stays adverse close to -3,085.64, exhibiting that broader momentum continues to be weak. Nevertheless, current inexperienced histogram bars present that bearish strain is easing in contrast with deeper adverse readings from June.
That setup factors to stabilization relatively than full restoration. $BTC wants the Superior Oscillator to maneuver nearer to zero or above it earlier than merchants can name stronger bullish momentum.
The Bollinger Bands additionally stay broad after June’s decline, exhibiting that volatility continues to be excessive. Value holding above the decrease band is constructive, however the present place beneath the center band exhibits that the market continues to be in restore mode.
As beforehand reported, Bitcoin’s earlier transfer above $60,000 lacked recent shopping for gasoline as a result of stablecoin progress and spot demand remained weak. The newest ETF influx helps that case, however one optimistic day just isn’t sufficient to substantiate a sustained development.
On-chain information factors to accumulation
Crypto analyst Ali Charts stated Bitcoin’s Investor Value sits close to $48,300. He described that degree as a long-term cost-basis zone that has marked main cycle bottoms in previous bear markets. If $BTC drops towards that space, he stated it could supply a high-conviction accumulation sign for long-term patrons.
BUY BITCOIN AT $48,300
This degree is outlined by the Bitcoin Investor Value, some of the correct fashions for monitoring the market’s true value foundation.
The Investor Value tracks the typical acquisition worth of all economically circulating Bitcoin. By dividing the Investor Cap… pic.twitter.com/0RLJAecMx5
— Ali Charts (@alicharts) July 2, 2026
Ali Charts additionally stated pockets habits has shifted over the previous 30 days. Retail wallets, mid-sized holders, and huge entities holding between 1,000 and 100,000 $BTC have moved again towards internet shopping for. He stated this coordinated demand may help create a stronger worth ground.
CryptoQuant analyst CryptoZeno gave the same on-chain view. The analyst stated Bitcoin’s adjusted sell-side danger ratio has entered a historic accumulation zone. Low readings usually present that realized earnings and losses are small in contrast with market worth, which means traders are much less prepared to promote at present costs.
The identical analyst additionally stated Bitcoin’s MVRV Z-Rating has fallen beneath the +2 normal deviation degree. That means the valuation premium is cooling, however it doesn’t but present deep undervaluation or a basic cycle-top construction.
ETF rebound doesn’t take away danger
The return of ETF inflows provides the crypto its strongest short-term help in weeks. It additionally helps clarify the transfer again towards $62,000 after June’s heavy outflows weakened institutional demand.
Nonetheless, merchants will want greater than someday of ETF shopping for. If inflows proceed, $BTC may problem $62,800 first, then $65,000. A clear break above $65,000 would enhance the restoration case and should open the way in which towards the higher Bollinger band close to $66,800.
If $BTC fails to reclaim $62,800, the rebound might stay a reduction transfer. A drop beneath $60,000 would put $57,700 and $55,000 again in focus, particularly if ETF flows flip adverse once more.
